Cerberian Raises $3.35 Million to Extend Position as Leading Outsourced Internet Content Filtering Solution.

Business Editors/High-Tech Writers

SALT LAKE CITY--(BUSINESS WIRE)--Aug. 20, 2003

Company to use funds to extend growth and accelerate

sales and marketing initiatives

Cerberian, a leading provider of advanced Internet filtering solutions for businesses, homes and schools, today announced it has received additional financial support for its Internet content filtering technology.

The Series B Round, which raised $3.35 million for the company, was led by vSpring Capital and also included first-time investments from East Gate Capital (Palo Alto, Calif.), and Aspen Grove Ventures (Lehi, Utah). The round closed on July 18, 2003.

"We have watched Cerberian grow quickly in a very competitive marketplace, and based on this, have a strong interest in continuing to support the company," said Scott Petty managing director of vSpring Capital. "We recognize the uniqueness of the company's business model and the talent it has in place to execute on its objectives. Recent contracts with SonicWall, Fortinet, GTA, Belkin, and Zone Labs demonstrate the company's progress, and we are confident Cerberian's leadership will continue building upon this momentum."

Cerberian offers a complete, outsourced Internet content filtering solution that improves the management and control of Internet use by blocking objectionable, unwanted and unproductive Web content. The result is a more controlled, safer and more productive Internet experience for users at home, work and school. Cerberian's solution features more than 4.5 million rated Web sites and domains resulting in an effective coverage of approximately 1 billion Web pages. Additionally, Cerberian's advanced Dynamic Real-Time Rating (DRTR) technology dynamically rates new Internet content in real-time to ensure up-to-date ratings of Web sites for a constantly changing Internet environment. The Cerberian Web Filter is currently available as an integrated, value-added service on leading firewall and network appliances, caching devices, security software solutions and service solutions.

"We have found in Cerberian a unique business model and a proven, established technology developed by a talented group of dedicated people," said Ken Choi at East Gate Capital Management. "The company has differentiated itself by providing a cost-effective and flexible service that can be integrated into virtually any network or Internet appliance and deliver advanced Web filtering to any Internet user. We are pleased to add Cerberian to our portfolio of companies, and look forward to working with the company's leadership and investors in building long-term value for all parties."

"Each of our investors brings a wealth of support and knowledge that add value to our organization, and we appreciate their support," said Jeff Smith, chief executive officer of Cerberian. "The extra financial resources will help us accelerate our sales and marketing initiatives while extending our service structure. We have experienced enough early success to know that we have a unique product that can deliver the results to ensure a safe and secure Internet experience. We are committed to building on this success and to giving vSpring, Aspen Grove, East Gate and our other investors a positive return on their generous investments."

For more information on Cerberian and its solutions, please visit www.cerberian.com.

About vSpring Capital

vSpring Capital is a licensed SBIC, headquartered in Salt Lake City. Known as one of the leading funds in the region, vSpring Capital has a reputation for identifying companies with significant potential and shaping strategies to grow them into market leaders. Investments include Altiris (Nasdaq:ATRS), LANDesk, Soronti, comScore Networks, Salus Therapeutics, Gandiva, MediConnect.net, and Myfamily.com. For more information visit www.vspring.com.

East Gate Capital

East Gate Capital is a licensed SBIC headquartered in Palo Alto, California. East Gate was founded in 1997 with the goal of being a value added investor to promising start up companies. East Gate invests in early stage technology companies, providing focus, resources and networks. East Gate prides itself on identifying talented people and emerging technologies in rapidly expanding markets. http://www.eg-group.com.

Aspen Grove Ventures

Aspen Grove Ventures invests in emerging growth companies focused on information and communication technology based in the Rocky Mountain region. The company looks to partner with businesses that will provide enduring, sustainable value and seeks to share, foster and support those companies. http://www.aspengroveventures.com.

About Cerberian

Cerberian, Inc. is a leading provider of advanced Internet filtering solutions for businesses, homes, and schools, ensuring a safer, more productive Internet experience. Offered through an outsourced model, Cerberian minimizes initial investment and maintenance costs for end-users by maintaining the technology and file management responsibility at Cerberian data centers located around the world. Cerberian features a database of more than 4.5 million categorized URLs and an advanced patent pending technology that dynamically rates new Internet content in real-time to ensure an up-to-date database of Web sites in a constantly changing Internet environment. The Cerberian Web Filter is available as an integrated, value-added service on leading firewall and network appliances, caching devices, security software solutions and service solutions.

For more information about Cerberian, please visit www.cerberian.com or e-mail [e-mail].

Cerberian and the Cerberian logo are registered trademarks of Cerberian Inc. Cerberian Web Filter and Dynamic Real-Time Rating are trademarks of Cerberian Inc. All other trademarks are the property of their respective owners.